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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2017
Dec. 31, 2016
ASSETS    
Cash and noninterest-bearing deposits with banks $ 11,610 $ 12,512
Interest-bearing deposits with banks 38,792 27,654
Total cash and cash equivalents 50,402 40,166
Certificates of deposit in financial institutions 1,820 1,670
Securities available for sale 106,545 96,490
Securities held to maturity (estimated fair value: 2017 - $18,822; 2016 - $19,171) 18,168 18,665
Restricted investments in bank stocks 7,506 7,506
Total loans 777,957 734,901
Less: Allowance for loan losses (7,313) (7,699)
Net loans 770,644 727,202
Premises and equipment, net 13,205 12,783
Other real estate owned 2,219 2,129
Accrued interest receivable 2,532 2,315
Goodwill 7,371 7,801
Other intangible assets, net 550 670
Bank owned life insurance and annuity assets 26,576 29,349
Other assets 12,076 7,894
Total assets 1,019,614 954,640
LIABILITIES    
Noninterest-bearing deposits 233,178 209,576
Interest-bearing deposits 616,003 580,876
Total deposits 849,181 790,452
Other borrowed funds 36,775 37,085
Subordinated debentures 8,500 8,500
Accrued liabilities 15,196 14,075
Total liabilities 909,652 850,112
COMMITMENTS AND CONTINGENT LIABILITIES (See Note 5)
SHAREHOLDERS’ EQUITY    
Common stock ($1.00 stated value per share, 10,000,000 shares authorized; 2017 - 5,352,005 shares issued; 2016 - 5,325,504 shares issued) 5,352 5,326
Additional paid-in capital 47,552 46,788
Retained earnings 72,781 69,117
Accumulated other comprehensive loss (11) (991)
Treasury stock, at cost (659,739 shares) (15,712) (15,712)
Total shareholders’ equity 109,962 104,528
Total liabilities and shareholders’ equity $ 1,019,614 $ 954,640